Exercise 12-19B Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, Dec. 31 prior year-end Cash and cash equivalents, Dec. 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Cash received in exchange for six-month note payable Land purchased by issuing long-tern note payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 26,000 73,112 2,600 75,400 145,000 130,000 63,700 26,000 84,100 24,700 15,600 41,600 504,400 262,288 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method for the current year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) FERRON COMPANY Statement of Cash Flows For Year Ended December ST Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash flows from financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Noncash investing and financing activities